The New Zealand share market mirrored mixed fortunes across Asian markets as traders watched for the deadline to pass for resolution of the US budget impasse. The NZX50 Index was square, if slightly positive on the day, up 7.485 points, or 0.16 percent to 4,743.872, despite more stocks recording share price falls than rises. Within the index, 19 stocks rose, …

The New Zealand dollar held its gains against the greenback on speculation a prolonged US government shutdown and an more weighty debate about the debt ceiling this month will sap demand for US dollars. The kiwi traded at 83.04 US cents at 5pm in Wellington, holding its gains through the day from 82.84 cents late yesterday. The trade-weighted index was …

Martyn Dunne, New Zealand’s High Commissioner to Australia and a former head of the Customs Service and senior military officer, has been named head of the Ministry for Primary Industries. Dunne will take up the three-year term on Nov 18, replacing Scott Gallacher, who has been acting director-general of MPI since the departure of former head Wayne McNee for a …